2013 déjà vu
🟢 Multiple rejections at the mid-line of the PL channel
❌ "Top is in" calls
🌊 Wave 5 breaks blue mid-line decisively
Target ⓹
$400k now - $500k EOY
Invalidation wave ⓹-(5)-5: < $31k
Implies wave ⓹-(5) is final --> BM since '09 starts correcting to ~④

After each halving, always first a parabolic move beyond the mid-line occurred, followed by a retest of the lower PL channel line. $31k first break this rhythm.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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